$DOGE
Performance of Dogecoin on May 16, 2025
- Decrease of 4.66%**: Dogecoin recorded a price drop over the last 24 hours, trading at **$0.2249**
with a daily low of $0.2137.
- Slight increase currently**: According to data from "Binance", the price of DOGE/USD has risen by **2.28%** to reach **$0.2292** by 13:45 (local time).
Technical developments and institutional support:
- **Launch of cbDOGE on the Base Network**: "Coinbase" announced its support for a wrapped version of Dogecoin (cbDOGE) on its Layer-2 network, which could enhance the decentralized finance (DeFi) ecosystem and increase its liquidity.
Dogecoin is experiencing a mix of short-term price volatility and increased network activity and institutional support today, creating a stimulating environment for medium-term growth. However, investors are advised to closely monitor technical indicators and institutional news.
Disclaimer:
All posts are personal opinions and not financial advice.
